Connecting Businesses with Opportunities in India

News You Can Use

Nov 25, 2018

1. Mukesh Ambani-led Reliance is planning to acquire India largest cable operator, Hathway Cable, and Datacom.

2. New Delhi-based B2B transportation solution provider GoBOLT has raised Rs 40 Cr in Series A funding round from impact fund advisory firm Aavishkaar from its Aavishkaar Bharat Fund.

3. California-headquartered company with an office in Bengaluru, Liferay has picked up a controlling stake for in Virginia-based Account-Based Marketing (ABM) business of Triblio.

4. Swiggy, in line with its expansion and growth strategy, is reportedly experimenting with the business-to-business (B2B) segment.

5. Tata Communications today announced that it is acquiring Teleena, a Netherlands based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).

6. OptaCredit Fintech Pvt. Ltd, a lender to salaried borrowers, is in talks to raise $8-10 million in a Series A funding round from new venture capital investors, reported LiveMint.

7. Medical technology start-up SigTuple Technologies Pvt Ltd, which uses artificial intelligence (AI) to aid medical diagnosis, is in talks to raise about $40-50 million in fresh funds in a Series C round, reported LiveMint.

8. Mumbai-based Ipca Laboratories Ltd has acquired an 80% stake in US drug marketing company Bayshore Pharmaceuticals LLC for Rs 75 crore (US$10.4 million) in cash.

9. Mumbai-based enterprise security company Aurionpro Solutions Ltd will acquire a 51% stake in Singapore-based banking technology firm Neo.Bnk Pte Ltd for Rs 10 crore (US$1.4 million).

10. Kishore Biyani-led Future Enterprises Ltd has agreed to acquire a majority stake in LivQuik Technology (India) Pvt. Ltd, a Mumbai-based startup that operates as QuikWallet.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Nov 23, 2018

1. Flipkart-owned PhonePe is in talks with a couple of investors to raise fresh capital up to $1 billion to maintain the lead in payment space, reported LiveMint.

2. Paytm Mall, the e-commerce platform of Paytm, is reportedly in talks to acquire a majority stake in online grocer BigBasket, reported BS.

3. Jakarta-based point-of-sale (POS) provider Moka has acquired Mumbai-based contextual marketing company GetFocus for an undisclosed amount.

4. Gurugram-based agri-tech startup Origo Commodities has raised Rs 80 Cr (US$ 11.11 million) funding from impact investors such as Netherlands-based Oikocredit, Triodos Investment Management, and Caspian SME Impact Fund IV.

5. Delhi-based online skill-based gaming startup 9stacks has closed a Series A round of funding after raising Rs 28 Cr (US$ 3.8 million) led by WaterBridge Ventures.

6. Delhi-based online tea brand Vahdam Teas has raised Rs 16 Cr (US$ 2.2 million) in its third institutional round of fundraising led by existing investor Fireside Ventures.

7. Chinese smartphone maker OPPO is planning to set up its first India research and development (R&D) centre in Hyderabad.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Nov 12, 2018

In October, President Donald Trump called India “the tariff king, bringing to the fore bilateral trade frictions that have been simmering beneath the surface for a while. They’ve already called us to make a deal,” he said. “We didn’t even call them. They called us to make a deal, which is, like, shocking to people.” Read More

Keyphrases: Doing business in India, USA India Trade, Trump India Business Trade Tariff

Nov 12, 2018

No doubt that with Internet boom India offers to be the largest market for companies like Netflix, Amazon, Hotstart, etc. Next 100 million subscribers for Netflix will come from India. Read more

Keyphrases: Doing Business in India, India internet users, Netflix in India, Netflix India Strategy, Amazon Netflix India

Oct 27, 2018

Wharton School of Business is Organizing its 23rd Wharton India Economig Forum (WIEF) on Nov 2nd 2018. Here is the Press Release. For details and registration, click here.

Keyphrases: Doing business in India, Investing in India, Make in India, Manufacturing in India, Business opportunities in India, Investment opportunities in India

Oct 23, 2018

1. Ola in talks with Naspers to raise $1 billion in next round of funding at $8 billion valuation.

2. Bangalore-based OBOPAY Acquires Accel Partners and Nandan Nilekani-backed Consumer-technology Firm Mubble

3. Unicorn India Ventures Ropes in Federal Bank as Anchor LP for Its Rs 600 Cr Venture Debt Fund

4. Kolkata-based fintech startup Kredent InfoEdge Pvt. Ltd has received its pre-Series A funding from stock market investor Ramesh Damani, and others.

5. IIFL Wealth has agreed to buy Bengaluru-based fintech firm Altiore Capital for Rs 9.2 crore (around $1.2 million at current exchange rates).

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India